PRESS DIGEST-Taiwan - October 16
TAIPEI, Oct 16 (Reuters) - Taiwan newspapers carried the following stories on Friday. Reuters has not verified these stories and does not vouch for their accuracy.
CHINA TIMES
-- A free trade agreement-like deal that will be signed by Taiwan and China some time next year will exclude sensitive political terms, said P.K. Chiang, chairman of Taiwan's semi-official Straits Exchange Foundation.
-- Only about a third of milk powder for adults are found to have milk content of only less than 71 percent, according to a market survey.
UNITED DAILY NEWS
-- Taiwan's biotechnology firm Adimmune Corp said its H1N1 flu vaccine will soon be going through its first stage of human tests.
LIBERTY TIMES
-- Economics Minister Shih Yen-shiang told lawmakers that Primus Financial and China Strategic's (0235.HK) deal to buy AIG's (AIG.N) Taiwan Nan Shan unit would not get final approval if the buyers have China-backed funds.
COMMERCIAL TIMES
-- Taiwan Finance Minister Lee Sush-der told parliament that the government would not sell its holdings in state banks to Chinese investors but the ministry would not intervene if Chinese investors buy shares of state banks from the open market.
ECONOMIC DAILY NEWS
-- TSMC (2330.TW) Chairman Morris Chang is likely to announce a resumption of salary raises for its employees from next year at the contract chipmaker's annual athletics gathering on Saturday. Other semiconductor makers, including UMC (2303.TW) and Mediatek (2454.TW), are likely to follow suit after the sector's recovery.
